Uninsured and underinsured motorist coverage are very important types of coverage that, unfortunately, a lot of people don’t have. Some of these people get lucky and never need or miss not having this coverage. Others, however, get into an accident with an uninsured or underinsured motorist and quickly wish that they had opted-in when this coverage option was offered.
As the name implies, these coverages protect you and others in the car in the event that you are involved in an accident with a person without insurance or without adequate insurance. In most cases, as long as the uninsured/underinsured person had some degree of fault in the accident, this coverage kicks in.
With so many uninsured or underinsured drivers out there, it just makes sense to have this coverage, which acts like the other driver’s insurance and pays for damages and injuries up to the policy amount. Still not convinced this coverage is important? Consider the fact that the Insurance Information Institute says that as many as 14% of drivers on the road have no liability insurance. Furthermore, people from other states may have lower required amounts of insurance than you. What would you do if their insurance wasn’t enough to cover your costs? If you had this coverage, you’d be okay, but if you didn’t, you’d be footing the bill out of pocket.
Obviously, uninsured and underinsured motorist coverage is important. If you’re taking the risk of driving without it, stop! Contact your insurance provider to get covered today.